The SVP – MERGERS & ACQUISITIONS of IDEX is Exercising Options

Yesterday it was reported that the SVP – MERGERS & ACQUISITIONS of IDEX (IEXResearch Report), Daniel Salliotte, exercised options to sell 23,842 IEX shares at $80.28 a share, for a total transaction value of $3.85M.

In addition to Daniel Salliotte, 3 other IEX executives reported Sell trades in the last month. Following Daniel Salliotte’s last IEX Sell transaction on August 09, 2019, the stock climbed by 1.0%.

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Based on IDEX’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $624 million and quarterly net profit of $105 million. In comparison, last year the company earned revenue of $623 million and had a net profit of $106 million. The company has a one-year high of $173.84 and a one-year low of $117.72. Currently, IDEX has an average volume of 464.37K.

The insider sentiment on IDEX has been negative according to 51 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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IDEX Corp. engages in the provision of engineering solutions. It offers its products under two brands namely BAND-IT that produces stainless steel banding, buckles, and clamping systems; and Hurst Jaws of Life, which serves as a rescue tool.